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Jul

09

2013

Edmonds Auction Loan

VERISTONE DEALSHEET LOAN AMOUNT: $272,000FINAL SALES PRICE: $524,950LOAN DATE: November 2012 to June 2013LOCATION: Edmonds, Snohomish County- ResidentialLOAN TYPE: Fix & Flip Loan, 6 Month TermDETAILS:  The borrowers on this Edmonds flip are experienced auction professionals.  The borrowers purchased this property at the Snohomish County foreclosure auction in October 2012 for $251,000.  They then refinanced into a Veristone Fix & Flip Loan in November 2012…

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Jun

25

2013

Federal Way Fix & Flip Loan

VERISTONE DEALSHEET LOAN AMOUNT: $213,000FINAL SALES PRICE: $455,100LOAN DATE: January 2013 to June 2013LOCATION: Federal Way, Marine Hills, King County- ResidentialLOAN TYPE: Fix & Flip Loan, 6 Month Term, $25,000 Construction HoldbackDETAILS:  This is an outstanding story of a 1966 property with sound views in the Redondo Highlands receiving modern updates.  New interior and exterior paint, private upper level master suite, modern kitchen and baths,…

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Jun

24

2013

Buckley Airfield Property Auction Loan

VERISTONE DEALSHEETLOAN AMOUNT: $290,000FINAL SALES PRICE: $475,000LOAN DATE: March 2013 to June 2013LOCATION: Buckley, Pierce County ResidentialLOAN TYPE: Auction Loan, 9 Month Term DETAILS: This very unique property was purchased at the Pierce County foreclosure auction in early March 2013 for $333,000.  This property was purchased by a very experienced real estate investor who works with John L Scott Foreclosure Services.  The house  boasts 2700+ square feet and sits on a…

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Jun

24

2013

Fircrest, Pierce County, Fix & Flip Loan

VERISTONE DEALSHEETLOAN AMOUNT: $139,000FINAL SALES PRICE: $249,900LOAN DATE: November 2012 to May 2013LOCATION: Fircrest, Pierce County- ResidentialLOAN TYPE: Fix & Flip Loan, 6 Month Term DETAILS: The borrower purchased the subject property in November 2012 for $139,000.  The borrower is an experienced real estate investor and real estate agent with a multi-year history of successful fix & flip transactions.  The property received a fully finished basement, upgraded kitchen and bathrooms and new…

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Jun

24

2013

Bremerton Auction Loan

VERISTONE DEALSHEET LOAN AMOUNT: $139,000FAIR MARKET VALUE: $280,000LOAN DATE: Funded May 2013LOCATION: Bremerton, Kitsap County ResidentialLOAN TYPE: Auction Loan, 9 month Term DETAILS: The subject property was sold at the Kitsap County foreclosure auction in late May 2013 for $160,000.  The borrower is a highly experienced real estate and foreclosure investor, who specializes in Kitsap, Pierce and Thurston counties.  The subject property is over 2500 square feet and has substantial…

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Jun

24

2013

Ballard Fix & Flip Transformation

VERISTONE  DEALSHEET LOAN AMOUNT: $480,000FINAL SALES PRICE: $790,000LOAN DATE: December 20th, 2012 to May 30th, 2013LOCATION: Ballard, King County ResidentialLOAN TYPE: Fix & Flip, 6 Month Term DETAILS: The subject property is a large, 2900 sq ft house in the Salmon Bay City area of Ballard with spectacular city and water views.  The property was a fixer purchased for $430,000 in December 2012.  With the aid of a Veristone Fix…

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Jun

24

2013

Burien Fix & Flip

VERISTONE DEALSHEET LOAN AMOUNT: $118,000FINAL SALES PRICE: $226,000LOAN DATE: April 2012 through May 2013LOCATION: Burien, King County ResidentialLOAN TYPE: Fix & Flip Loan, 5 Month Term, with built in extension options DETAILS: This Burien fixer was purchased in 2012 for $80,000.  Using a Veristone Capital Fix-&-Flip Loan, the borrower used $60,000 in remodel capital in the form of construction holdbacks.  These funds were released over time as periodic construction milestones…

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Jun

24

2013

Capitol Hill Fixer Loan

VERISTONE DEAL SHEET LOAN AMOUNT: $660,000FINAL SALES VALUE: $1,150,000LOAN START DATE: May 2013LOCATION: Capitol Hill, Seattle, King County WashingtonLOAN TYPE: Fix & Flip Loan, 7-Month Term DETAILS: In May, we were pleased to lend on a grand vintage home in Capitol Hill boasting over 2900 square feet.  This historic house sits on a corner lot with partial lake views and still carries periodic details intact. …

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May

14

2013

Maple Valley Auction Loan

VERISTONE DEALSHEET LOAN AMOUNT: $126,000 FINAL SALES PRICE: $228,000 LOAN DATE: December 14th, 2012 to April 1st, 2013 LOCATION: Maple Valley, King County- Residential LOAN TYPE: Auction Loan, 9 Month Term DETAILS: Our Veristone Capital borrower obtained the subject property at the King County foreclosure auction in December 2012 for $144,000.  The borrower is an experienced real estate investor who partnered with Skyline Properties and…

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May

07

2013

Tacoma Auction Loan

VERISTONE CAPITAL DEALSHEET LOAN AMOUNT: $137,000FINAL SALES PRICE: $225,000LOAN DATE: November 2012 thru April 2013LOCATION: Tacoma, Pierce County- ResidentialLOAN TYPE: Auction Loan, 12 month termDETAILS:  The subject property was one of almost 50 auction deals funded by Veristone Capital in 2012.  The property was purchased last November for $157,000 and was updated during the Holiday season with new carpet, new paint, and a refreshed kitchen. …

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